The Highest State And Local Incomes Taxes On A $1 Million Income

There’s good news and bad news for million dollar earners in 2012, with their state and local income tax bills down markedly in New York and Oregon, but up in Washington D.C., Maryland and California, where voters on Nov. 6 approved a tax hike retroactive to Jan. 1. (Elsewhere, inflation adjustments mean tiny decreases.) We asked Wolter Kluwer’s CCH division to calculate the tax bill for a married couple with $1 million in salary, two children and $110,000 in itemized deductions, living in the largest city in each state. Here are the 10 highest bills.